Advantage Play & Game Integrity
Arbitrage betting bot
Software that automatically watches betting markets for price mismatches and places the opposing bets needed to profit from the discrepancy before the odds change.
- Also called
- Betting bot when used for betting automation generally; an arber is a person, not the bot itself.3
- How it works
- Monitors prices at high speed, detects stale or mismatched odds, and places bets across different operators or outcomes before the market changes.1
- Key condition
- An arbitrage opportunity exists when the implied probabilities of all mutually exclusive outcomes add up to less than 1.2
Key points
- The bot places one bet per outcome so the bettor profits regardless of the event result, assuming all bets are accepted at the quoted odds.1
- It applies to in-play betting, bookmaker markets, and betting exchanges where odds differ enough to create an arbitrage opportunity.14
- The bot is the automated tool; arbitrage betting is the strategy of exploiting differing odds.12
Where this term is used
Not the same as
- Arbitrage betting odds — the quoted prices that create the opportunity; the bot is the tool that detects and acts on those odds
Related terms
Advantage play
Arbitrage betting
The strategy of exploiting differing odds across markets to secure a profit.
Advantage play
Arbitrage bets
The individual bets placed as part of an arbitrage strategy.
Advantage play
Matched betting
A risk-free betting technique using free bets and bonuses, distinct from pure arbitrage.
Advantage play
Poker bot
Automated software for playing poker, not for finding arbitrage opportunities.
Advantage play
Courtsiding betting
A method of betting based on live event information, not on odds discrepancies.
Advantage play
KO card counting
KO card counting is a blackjack system
Sources
- In-play or in-running betting gamblingcommission.gov.uk Used to describe how bots detect stale prices and arbitrage opportunities in in-play betting.
- Arbitrage betting - Wikipedia en.wikipedia.org Used for the defining condition of arbitrage (implied probabilities sum to less than 1) and the strategy description.
- Gambling bot - Wikipedia en.wikipedia.org Used for the synonym 'betting bot' and the distinction between bot and person.
- Betting exchange - Wikipedia en.wikipedia.org Used for the application to betting exchanges and the general definition of arbitrage betting bot.
Sources are drawn from regulators, universities and published research, and each one is labelled with what it actually is — a preprint is not called a paper. Bookmaker and affiliate pages are never cited here, because a page that sells betting is not a neutral authority on it.